Australian Prime Minister says no to new tax on gas company profits
Apr 24, 2026, 09:35
Introduction
Prime Minister Anthony Albanese said no to a new tax on gas companies. Some people in his party wanted this tax. But the Prime Minister said the current tax system is good.
Main Body
Gas companies made a lot of money. Some people wanted a new tax on these profits. They said the money could help people with high costs. But the Prime Minister said the current tax is enough. The current tax is called PRRT. It is a 40% tax on some gas projects. Some people say this tax is too low. The government gives money to help people pay for energy. Some people are happy with the decision. Some people are not happy.
Conclusion
The Prime Minister does not want a new tax. Now people talk about other ways to get money from gas companies. For now, the tax rules stay the same.